Medical Manufacturing Family Business (Ranfac) Site Visit

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Medical Technology, Multi-Generational Governance, and Real Family Dynamics

What
The Sloan Family Business Club invites members to an exclusive site visit to Ranfac Corp, a 137-year-old medical device manufacturing company. The visit will include a guided tour of Ranfac’s manufacturing facilities and an open, candid conversation with the CEO focused on both the business and family dimensions of the company.

This will not be a polished case study. It will be a real-world discussion of what it actually looks like to run a multi-generational family enterprise today.

When
Friday, February 27, 2026
    •    Depart campus: ~8:30 AM
    •    Site visit: 9:30 AM–12:30 PM
    •    Optional group lunch following the visit
    •    Return to campus: ~2:30 PM

Participation Details

• This visit is limited to 7 students due to company constraints
• Interested members must complete a short application form
• Spots will be filled on a first-come, first-served basis among those who complete the form and can commit to the full schedule.

Please only apply if you can and will attend the entire 9:30-12:30 site visit. Given the small group size, absences, late cancellations, or no-shows will be noticeable and disruptive to the experience.

This event is open to Family Business Club members only. If you are not a member, you can join the Club now.

Why This Visit Matters
For students interested in family enterprise, governance, leadership, operations, or medtech, this visit offers a rare opportunity to see how:

• High-quality medical manufacturing operates in practice
• Family dynamics directly affect organizational structure and decision-making
• Governance frameworks are introduced midstream, not from a clean slate
• The difference between the “shareholder seat” and the “employee seat” plays out in real life

About Ranfac Corp.
Founded in 1888, Ranfac is a privately owned medical device manufacturer operating out of a 40,000 sq. ft. facility. The company provides end-to-end services as both an OEM and contract manufacturing partner, with a strong emphasis on quality systems, design history rigor, and operational efficiency.

Beyond the technology, Ranfac is a compelling family business case. Now in its fourth generation of ownership, two sisters and a cousin are active in the business in addition to the CEO, who has spent recent years navigating the tension between stakeholder roles and employee roles, unequal status inside the firm, and the emotional realities of sibling dynamics.

Since 2019, Ranfac has been actively formalizing its governance, including building out a family employment policy, strengthening the board of directors, and introducing clearer structures to manage both business performance and family relationships. The CEO will speak openly about these decisions, what worked, what did not, and the ongoing challenges of leading a family enterprise with deep history and very human complexity.

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